GB1680 - Officer-AML/CFT Unit - Job Details

GB1680 - Officer-AML/CFT Unit

Business Unit:Support Groups

Division:Anti Money Laundering

Department:AML

Contract Type:Full Time

Area/Branches:Al-Saleh Building

Closing Date:26-May-2016

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an
industry-leading financial services provider complemented by a large network of 55
branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International
Banking and Treasury.

Job Purpose:

To assist Assistant Manager in carrying out efficiently Unit’s daily operational activities whilst ensuring that the Bank’s policies, procedures and operating processes are compliant with AML/CFT Law No. 106 of 2013, Executive Regulation No. 37 of 2013, CBK Instruction No. 2/BS/IBS/308/2013 and subsequent instructions/ amendments; and that adequate controls are in place to prevent, detect and report suspicions of Money Laundering and Terrorism Financing.

Accountabilities:

Controls & Investigation

AML/CFT Reviews

AML/CFT/KYC Enquiries

Reports

Liaison / Advisory

Generic Accountabilities

Controls & Investigation (Siron AML & Embargo)

AML/CFT Officer must create customer profiles according to their risk scores after receiving conspicuous cases from the AML/CFT Manager;

Collect and analyze KYC, Enhanced Due Diligence (EDD) and transactional information on the customer, their accounts and signatories (if applicable);

Collect transaction vouchers from the Saperion system, Microfilm and NCR Cheque System, or other Business Units, if required;

Conduct searches through Internet and secondary sources to ascertain relevance and context for the conspicuous case(s);

Coordinate and follow up with relevant Business Units / Microfilm for required documentation, transactions vouchers or account opening documents;

Follow up with the Business & Support Units to ensure incorrect / outdated / missing data / document are updated and have been made available to the AML/CFT Unit as required;

Formulate primary opinion about the case by attaching all known KYC information, identification documents including transaction vouchers, KCCI evidence(s) with the case and delegating the case to the Supervisor / Quality Checker for their review;

Escalate to the AML/CFT Assistant Manager any data discrepancy identified during the investigation process.

Assist in complying with the requirements of Resolution No. 5/2014 in terms of carrying out name search, identifying targeted funds, freezing/un freezing targeted funds, escalation and reporting to the assigned Manager.

Assist in resolving name search entries postponed by branches and other units together with Reaudits and SWIFT entries as per the existing procedure and timelines defined.

Formulate primary opinion about the case by attaching all known KYC information, identification documents including transaction vouchers, KCCI evidence(s) with the case and delegating the case to the Supervisor / Quality Checker for their review;

AML/CFT Reviews

Assist in collecting and analyzing data required for AML/CFT Review of the branch/business Unit.

Arranging information, documents and files as required for conducting the AML/CFT Review.

Providing feedback to the Senior Officer and Assistant Manager in fine tuning review process and methodology.

AML/CFT/KYC Enquiries

Assist Assistant Manager in resolving enquiries received from branches/business units relating to AML/sanctions compliance and KYC.

Reports

Collect and arrange relevant and accurate data required for investigation and SAR.

Arrange relevant and accurate data for the preparation of both periodic /ad-hoc reports according to specified schedules.

Liaison / Advisory

Assist in liaison with all branches and departments on technical and procedural issues, and give guidance and support to business units on AML/CFT/KYC issues in coordination with the Assistant Manager.

Generic Accountabilities

Support the Head in implementation of the Bank’s AML/CFT strategy consistent with business support objectives.

Work fully within risk policies and procedures and all compliance regulations.

Ensuring that the Unit's is accurate and safely kept on the Unit network server.